Posted by ABMN Staff on Jul 5th, 2024
PNC Financial Services Group Inc. reduced its holdings in shares of Telefónica, S.A. (NYSE:TEF – Free Report) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,298 shares of the utilities provider’s stock after selling 8,003 shares during the period. PNC Financial Services Group Inc.’s holdings in Telefónica were worth $149,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of TEF. Crossmark Global Holdings Inc. raised its holdings in Telefónica by 1.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 373,929 shares of the utilities provider’s stock valued at $1,459,000 after acquiring an additional 6,066 shares in the last quarter. Greenleaf Trust lifted its position in shares of Telefónica by 9.8% during the 4th quarter. Greenleaf Trust now owns 84,502 shares of the utilities provider’s stock worth $330,000 after purchasing an additional 7,538 shares during the last quarter. Gallacher Capital Management LLC grew its stake in shares of Telefónica by 9.5% during the fourth quarter. Gallacher Capital Management LLC now owns 87,160 shares of the utilities provider’s stock worth $340,000 after purchasing an additional 7,584 shares in the last quarter. Intelligence Driven Advisers LLC increased its holdings in Telefónica by 50.1% in the fourth quarter. Intelligence Driven Advisers LLC now owns 23,645 shares of the utilities provider’s stock valued at $97,000 after buying an additional 7,895 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in Telefónica by 5.7% in the fourth quarter. Cerity Partners LLC now owns 161,180 shares of the utilities provider’s stock valued at $629,000 after buying an additional 8,632 shares in the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.
Analyst Ratings Changes
TEF has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded Telefónica from a “hold” rating to a “sell” rating in a report on Thursday, June 13th. StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a report on Saturday, June 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on TEF
Telefónica Stock Performance
Shares of TEF stock opened at $4.25 on Friday. The stock’s 50-day moving average is $4.45 and its two-hundred day moving average is $4.24. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.91. Telefónica, S.A. has a 1 year low of $3.71 and a 1 year high of $4.80. The firm has a market cap of $24.10 billion, a price-to-earnings ratio of -26.56 and a beta of 0.68.
Telefónica (NYSE:TEF – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $11.01 billion for the quarter, compared to the consensus estimate of $10.96 billion. Telefónica had a positive return on equity of 7.84% and a negative net margin of 1.57%. Analysts predict that Telefónica, S.A. will post 0.34 earnings per share for the current year.
Telefónica Cuts Dividend
The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, July 11th. Stockholders of record on Tuesday, June 18th will be issued a $0.1628 dividend. The ex-dividend date is Tuesday, June 18th. This represents a dividend yield of 5.2%. Telefónica’s payout ratio is -143.75%.
Telefónica Profile
Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.
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